What are the problems that Tradeteq solves for its clients? Tradeteq is a smart technology platform powering global trade investments from end-to-end. Trade finance is arguably the oldest banking product, although also the only one that is not easily accessible for institutional investors. We have the technology to make trade finance investable. For those unfamiliar with trade finance, it may not be immediately obvious why institutional investors should consider putting funds into this asset class, nor indeed why those lending to companies trading goods globally do not simply retain the instruments on their books.

The archaic, paper-based world of trade finance looks set to take a further leap into the digital future, as trade finance distribution platform Tradeteq begins a collaboration with the Singapore Management University (SMU) to explore quantum computing-based solutions for the industry. Supported by the Monetary Authority of Singapore (MAS) under its artificial intelligence and data analytics (AIDA) grant scheme, the research project, titled Exploring the advantages of a quantum system for machine learning applied to credit scoring, aims to build a predictive machine learning model implemented on a quantum computer in order to tackle inefficiencies in approving trade finance. "Currently, many small and-medium-sized businesses are unable to grow their companies due to a lack of funding as they are deemed'too risky' by current credit rating models," says Pang Hwee Hwa, dean of the SMU School of Information Systems. "With shorter processing time, more businesses could be scored and with greater accuracy thereby creating more trust and providing greater access to finance for companies than ever before." Quantum computing is still very much in its infancy, and the technology doesn't yet exist to build a large-scale quantum computer.

Tradeteq, the technology provider for the global trade finance market, has launched its advanced, machine-learning driven credit scoring system for institutions using Singapore's National Trade Platform (NTP).

Singapore's digital national trade platform has launched Tradeteq's AI-based credit scoring system to enable its users to better assess counterparty risk in trade deals. The system is being used to leverage various data sources to provide thorough credit reports for users of Singapore's Networked Trade Platform (NTP), including data on each company in the supply chain as well as each receivable. The NTP is a digital national trade information management system backed by the Singaporean government, which aims to make trade flowing through Singapore more efficient. Launched in September last year, the NTP brings the entire trade ecosystem to a single online location, digitising the trade processing process. It replaced two existing trade facilitation platforms in Singapore, TradeXchange and TradeNet.